Trump Says He Won’t Renew Current Trade Agreement With Mexico, Canada

President Donald Trump’s first term under his guidance.

The trade pact includes a review mechanism under Article 34.7 requiring the three countries to conduct a joint assessment during the sixth year after the agreement entered into force to determine whether it should continue unchanged.

Under the agreement’s review process, the USMCA would automatically be extended for another 16 years if all three countries formally agreed in writing to continue the pact.

Because the United States declined to do so, the agreement will remain in effect but will enter a period of annual joint reviews.